By Commodity News Service Canada
WINNIPEG, March 29 – The Canadian dollar finished slightly
higher against its US counterpart at the close on Wednesday,
after crude oil prices jumped 2%.
A report from TD Securities says inflation will likely be a
key driver for the loonie in the coming months.
The Canadian dollar closed at C$0.7500 or US$1=C$1.3333,
compared to Tuesday’s close of C$0.7472 or US$1=C$1.3383.
The S&P/TSX Composite Index chalked up gains on Wednesday,
benefiting from a rise in health-care stocks.
Valeant closed up 4% after its 2018 debt maturities were
given an extension.
The index climbed 59.06 points, or 0.4%, to 15,657.63.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.73 at $ 29.87
Agrium Incorporated———-dn $ 0.68 at $126.73
Buhler Industries————dn $ 0.18 at $ 4.60
Maple Leaf Foods————-dn $ 0.19 at $ 32.35
Potash Corp. of Sask———dn $ 0.12 at $ 22.77
(All figures are in Canadian dollars.)
